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Last $8.99 USD
Change Today -0.06 / -0.66%
Volume 306.4K
BDE On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

black diamond inc (BDE) Snapshot

Open
$9.03
Previous Close
$9.05
Day High
$9.20
Day Low
$8.93
52 Week High
06/19/14 - $12.60
52 Week Low
02/4/15 - $6.25
Market Cap
294.0M
Average Volume 10 Days
276.2K
EPS TTM
$-0.14
Shares Outstanding
32.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for BLACK DIAMOND INC (BDE)

black diamond inc (BDE) Details

Black Diamond, Inc., together with its subsidiaries, designs, manufactures, and markets outdoor performance equipment and apparel for climbing, mountaineering, backpacking, skiing, cycling, and other outdoor recreation activities in the United States and internationally. The company provides climbing products, such as belay/rappel devices, bouldering products, carabiners and quickdraws, chalk, chalk bags, climbing packs, crampons, crash pads, harnesses, ice axes, ice and rock protection devices, and various other climbing accessories; and skiing products comprising technical apparel, helmets, airbags, winter packs for skiing and snowboarding, bindings, body armor, boots, goggles, poles, skis, skins, snow gloves, and snow packs, as well as avalanche safety devices, including transceivers, probes, and shovels. It also offers mountain line products, such as mountaineering backpacks for backpacking, expeditions, alpinism, and day uses in the outdoor and urban environments, as well as gaiters, gloves, headlamps, lights, tents, trekking poles, and various other hiking and mountaineering accessories; and wheels line products comprising eyewear, hydration packs, and apparel for mountain and road cycling. Black Diamond, Inc. sells its products under the Black Diamond, POC, and PIEPS brands to mountain climbers, winter outdoor enthusiasts, backpackers, cyclists, ski racers, and outdoor-inspired consumers. The company offers its products through independent specialty stores; specialty chains, including premium sporting goods and outdoor recreation stores, and consumer catalogs; and online at blackdiamondequipment.com and pocsports.com. Black Diamond, Inc. is headquartered in Salt Lake City, Utah.

700 Employees
Last Reported Date: 03/16/15

black diamond inc (BDE) Top Compensated Officers

Co-Founder, Chief Executive Officer and Direc...
Total Annual Compensation: $247.3K
Executive Chairman
Total Annual Compensation: $175.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $157.3K
Executive Vice Chairman
Total Annual Compensation: $175.0K
Executive Officer
Total Annual Compensation: $125.9K
Compensation as of Fiscal Year 2013.

black diamond inc (BDE) Key Developments

Black Diamond, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Fiscal Year of 2015

Black Diamond, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. Sales in the fourth quarter of 2014 increased 10% to $59.4 million compared to $54.1 million in the same year-ago quarter. The increase was primarily due to the continued growth of Black Diamond Apparel and an increase in POC’s preseason bookings, as well as restocking orders for winter seasonal product. Excluding the impact of foreign exchange, sales grew by 13%. Adjusted EBITDA in the fourth quarter of 2014 increased 37% to $3.4 million compared to $2.5 million in the year-ago quarter. Net loss from continuing operations in the fourth quarter of 2014 was $0.9 million or $0.03 per diluted share, compared to net income from continuing operations of $0.5 million or $0.02 per diluted share in the year-ago quarter. Net loss from continuing operations in the fourth quarter of 2014 included $3.1 million of non-cash items and $1.0 million in restructuring costs, compared to $1.6 million of non-cash items and $0.1 million in merger and integration costs in the year-ago quarter. Adjusted net income from continuing operations, which excludes these non-cash items, increased 36% to $3.1 million or $0.09 per diluted share in the fourth quarter of 2014, compared to adjusted net income from continuing operations of $2.3 million or $0.07 per diluted share in the fourth quarter of 2013. Operating income was $311,000 against operating loss of $75,000 a year ago. Loss before income tax was $292,000 against $633,000 a year ago. EBITDA was $1,954,000 against $1,738,000 a year ago. For the full year, the company’s sales increased 15% to $193.1 million compared to $168.1 million in 2013. Excluding the impact of foreign exchange, sales grew by 16%. Adjusted EBITDA in 2014 increased to $2.9 million compared to a loss of $1.6 million in 2013. Net loss from continuing operations in 2014 was $9.2 million or $0.28 per diluted share, compared to a net loss from continuing operations of $11.1 million or $0.35 per diluted share in 2013. Net loss in 2014 included $6.6 million of non-cash items and $3.6 million in restructuring costs, compared to $7.6 million of non-cash items, $0.2 million in restructuring costs, $0.6 million in merger and integration costs, and $0.1 million in transaction costs. Adjusted net income from continuing operations, which excludes these non-cash items, was $0.8 million or $0.03 per diluted share, compared to a loss of $2.8 million or $0.09 per diluted share in 2013. Operating loss was $9,762,000 against $14,274,000 a year ago. Loss before income tax was $12,742,000 against $16,501,000 a year ago. LBITDA was $2,524,000 against $6,653,000 a year ago. The increase in sales was across all brands and geographies, primarily driven by the continued growth of Black Diamond Apparel, including the launch of Black Diamond Apparel women's collection, the launch of POC's road cycling collection and an increase in the quantity of new and existing mountain, climb and snow products sold. The company anticipates fiscal year 2015 sales of approximately $208 million, which would represent an increase of approximately 8% from 2014 sales (an increase of 11% on a constant currency basis). The company also expects gross margin in fiscal year 2015 to be approximately 40%.

Black Diamond Considering Multiple Strategic Alternatives

Black Diamond, Inc. (NasdaqGS:BDE) is considering multiple strategic alternatives. Black Diamond has engaged the financial advisory firms Rothschild Inc. and Robert W. Baird & Co. to lead the exploration of a full range of strategic alternatives for each of the Company's brands, Black Diamond, POC and PIEPS. Warren Kanders, Executive Chairman of Black Diamond, said, "At a time when premium active lifestyle and outdoor brands are selling at historically high levels, and there is a scarcity of authentic branded assets available to strategic acquirers, the board's decision to investigate its strategic alternatives results from its belief that the Company is likely to utilize 100% of its NOL balances in connection with this process and represents the logical next step in our ongoing efforts to unlock value for Black Diamond shareholders." Black Diamond has not set a timetable for completion of this strategic review process, and does not intend to comment further regarding the review process unless or until a specific transaction is approved by its board of directors or shareholders, the review process is concluded, or it is otherwise determined that further disclosure is appropriate or required by law. The Company provides no assurance that the strategic review process will result in any transaction.

Black Diamond, Inc. to Report Q4, 2014 Results on Mar 16, 2015

Black Diamond, Inc. announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Mar 16, 2015

 

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Industry Analysis

BDE

Industry Average

Valuation BDE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.5x
Price/Book 1.2x
Price/Cash Flow 21.1x
TEV/Sales 1.2x
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